Tata Steel is set to acquire a 50.01% stake in Thriveni Pellets Pvt. Ltd., marking a major strategic move to strengthen its raw material supply chain in Odisha and support long-term operational efficiency.
Thriveni Pellets, through its wholly owned subsidiary Brahmani River Pellets Ltd. (BRPL), operates a 4 million tonne (MT) pellet plant in Jajpur, located in close proximity to Tata Steel’s Kalinganagar complex and Neelachal Ispat Nigam Ltd. (NINL). The company also manages a 4.7 MT iron ore beneficiation plant in Barbil, integrated with a slurry pipeline that directly connects to the pellet facility—creating strong logistical and operational synergies.
Post-transaction, Thriveni Pellets will function as a joint venture between Tata Steel and Lloyds Metals & Energy Ltd., combining expertise, scale, and regional strengths to enhance production efficiency and market reach.
The deal is strategically significant, as iron ore pellets form a vital input for blast furnace operations, and Odisha accounts for over half of India’s iron ore production. The acquisition reinforces Tata Steel’s raw material security for its Kalinganagar plants, ensures greater supply stability, and supports long-term cost competitiveness.
Brahmani River Pellets reported revenues of ₹2,473 crore and a profit of ₹38.7 crore in FY24, adding a profitable, well-positioned asset to Tata Steel’s value chain. The move underscores Tata Steel’s focus on integration, supply chain resilience, and operational efficiency as it expands its footprint in eastern India.
